Daktronics Inc (NASDAQ:DAKT) shares, rose in value on Friday, March 28, with the stock price down by -6.16% to the previous day’s close as strong demand from buyers drove the stock to $12.04.
Actively observing the price movement in the last trading, the stock closed the session at $12.83, falling within a range of $12.02 and $12.83. The value of beta (5-year monthly) was 1.131. Referring to stock’s 52-week performance, its high was $19.89, and the low was $8.81. On the whole, DAKT has fluctuated by -21.36% over the past month.
With the market capitalization of Daktronics Inc currently standing at about $600.71 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 773.01M, with a low estimate of 179.7M and a high estimate of 198.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 189.1M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DAKT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of DAKT currently trading nearly -5.37% and -19.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.97, while the 7-day volatility ratio is showing 3.89% which for the 30-day chart, stands at 5.28%. Furthermore, Daktronics Inc (DAKT)’s beta value is 1.31, and its average true range (ATR) is 0.61.
A comparison of Daktronics Inc (DAKT) with its peers suggests the former has fared considerably weaker in the market. DAKT showed an intraday change of -6.16% in last session, and over the past year, it grew by 25.81%%.
Data on historical trading for Daktronics Inc (NASDAQ:DAKT) indicates that the trading volumes over the past 10 days have averaged 0.44 and over the past 3 months, they’ve averaged 441.71K. According to company’s latest data on outstanding shares, there are 46.56 million shares outstanding.
Nearly 11.24% of Daktronics Inc’s shares belong to company insiders and institutional investors own 70.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.02 million shares as on 2025-03-14, resulting in a short ratio of 3.44. According to the data, the short interest in Daktronics Inc (DAKT) stood at 484.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.65 million. The stock has fallen by -28.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DAKT stock heading into the next quarter.
